India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi [India], October 26 (ANI): Delegates of the Asian Institute of Transport Development (AITD), comprising transport specialists from South and South-East Asian countries, visited the Namo Bharat Corridor on Sunday. The delegation was accompanied by senior officials of NCRTC. A detailed briefing was given to the delegates on India's first regional rail, Namo Bharat, covering the project's overview, the advanced technologies deployed, and its innovative initiatives. They were also briefed on how Namo Bharat is addressing key urban mobility challenges, such as reducing pollution and congestion, and on how it is contributing towards a sustainable future. The delegation took a round trip on the Namo Bharat train from New Ashok Nagar to Duhai Depot Namo Bharat station, where they experienced the commuter-centric features of the trains. Under the Make in India initiative of the Government of India, these trainsets are manufactured in Savli, Gujarat. En route, they experienced the commuter-centric design of the trains and stations, as well as accessibility provisions, and appreciated the detailed focus on the comfort and diverse needs of commuters. A detailed briefing was also given on the various efforts being taken by NCRTC for Multi-modal Integration (MMI), in which stations are seamlessly connected to other existing modes of public transport, creating a vast network-of-networks to ensure better ridership and long-term sustainability. They particularly noticed and appreciated the presence of women in various roles, such as train operators and station control officers, and commended the women-led development of the organisation. At Duhai Depot, the delegates visited the state-of-the-art Inspection Bay Line (IBL) and Workshop, observing the comprehensive processes involved in maintaining and servicing Namo Bharat trainsets. A detailed briefing was given on operational protocols, safety checks, and technical procedures that ensure trains run efficiently and reliably. The visit also included a demonstration of several groundbreaking technologies being adopted for this first-of-its-kind project in India. They were briefed on the Hybrid Level 3 technology of the European Train Control System (ETCS) being implemented over an LTE backbone for this transformative mobility solution --a global first and one of the most advanced signalling and train control systems. Along with this, the delegates visited the Administrative Building at Duhai Depot, where they observed the Operation Control Centre, Simulator Room, and other facilities. NCRTC is using various advanced technologies, such as Virtual Reality (VR), Augmented Reality (AR), and Building Information Modelling (BIM), for project implementation, operational efficiency, and training purposes. The visit concluded at New Ashok Nagar Namo Bharat Station. Throughout the visit, the delegates expressed keen interest in NCRTC's initiatives, acknowledging the corporation's efforts in promoting sustainable, technologically advanced, and commuter-friendly infrastructure. They also appreciated the efforts made by NCRTC to implement the project on time and to overcome challenges through the adoption of advanced technologies and progressive methods, noting that these innovative practices are not only setting new standards for India but are also gaining recognition globally. (ANI)
New Delhi [India], December 2: The IVCA GreenReturns Summit 2024 commenced today in New Delhi, convening over 400 visionaries, investors, policymakers, and entrepreneurs to chart a transformative path for India's green economy. The Summit is dedicated to aligning India's climate goals with its trillion-dollar economic aspirations for a 'Viksit Bharat,' spotlighting high-impact investment opportunities, addressing funding gaps, and driving actionable solutions for net-zero and climate adaptation. Also Read | Mamata Banerjee Says West Bengal Yet To Get INR 14,000 Crore From Centre for Supply of ...Read More >
Srinagar, Nov 27 (UNI) Jammu and Kashmir's Road Transport Corporation (RTC), a crucial backbone of public transportation, has raised serious concerns over the barring of its buses from entering Srinagar city limits. The move has triggered alarm within the Corporation, with officials cautioning about significant disruptions to public transport services and daily commutes, alongside substantial financial losses for the RTC. The restriction, in effect since November 4 when the maiden session of the Assembly commenced, is causing a daily revenue loss of Rs. 4 lakh to the Corporation. In a lette ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision. Ambuja Cements will significantly reduce its fossil fuel dependence by harnessing renewa ...Read More >
Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Prof Prakash Antahal, Chief Proctor, said that the University had been planning for a long time to implement this Green Campus initiative. However, the decision was delayed due to non-availability of a designated parking slot. Now that the parking facility is ready, the University has taken this decisive ...Read More >
Mumbai (Maharashtra) [India], December 11 (ANI): The Indian stock markets continue to be in a consolidation phase as both indices opened flat on Wednesday. The Nifty 50 index opened at 24,620.50 points with a surge of 10.45 points or 0.04 per cent, while the BSE Sensex opened at 81,568.39 with a gain of 58.34 points or 0.07 per cent. Also Read | 'Suriya 45': Is Trisha Krishnan the Female Lead in Suriya Sivakumar's Upcoming Film With RJ Balaji? Check Out the Viral Photos. Experts noted that the US Consumer Price Inflation data will be the major event for markets globally. However, the consol ...Read More >
New Delhi [India], December 12 (ANI): JD(U) MP Sanjay Kumar Jha on Thursday backed the proposed 'One Nation, One Election' bill, stating that party supremo Nitish Kumar has always supported simultaneous Lok Sabha and Vidhan Sabha elections. He added that the party had previously voiced its support for the bill and had approached the relevant committee. Jha remarked, "Our party welcomes this. We had approached this committee, and I was also part of the delegation. Nitish Kumar has always advocated for simultaneous elections to the Lok Sabha and Vidhan Sabha. We conveyed to the committee that ...Read More >
Delhi's air pollution continues to worsen, with the Air Quality Index (AQI) hitting a hazardous 490, despite the government's 21-point plan to tackle the issue. The city’s residents are struggling to breathe, even indoors, and hospitals are overwhelmed with patients facing respiratory problems. The pollution crisis is exacerbated by the lack of cooperation among Delhi and neighboring states, and the central government, with each blaming the other. This pollution not only threatens public health but also jeopardizes Delhi's economic future, as it could drive away professionals and harm business ...Read More >
In this edition of Frontline Conversations, former Maharashtra Women and Child Development Minister Aditi Tatkare discusses how the Ladki Bahin scheme, which provided direct cash transfers to 2.35 crore women, transformed both the economic landscape and political dynamics of the State. The programme, which distributed Rs.7,500 across five instalments to women earning less than Rs. 2.5 lakh annually, not only empowered women with financial independence but also proved to be a decisive factor in Mahayuti's electoral victory, marking a shift in Maharashtra's traditionally male-dominated political ...Read More >
New Delhi [India], December 4 (ANI): The Central Bureau of Investigation (CBI) on Wednesday conducted searches at 10 locations in Delhi and surrounding areas in connection with an on-going investigation of a transnational cyber enabled fraud case involving large-scale financial scams. CBI registered the said case under Sections 403 and 420 of the Indian Penal Code and Section 66D of the Information Technology Act, 2000, based on a written complaint received from the Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs, Government of India. The complaint alleged that unknown ...Read More >
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's sta ...Read More >
Former Delhi Chief Minister Arvind Kejriwal announced several pre-election promises targeting auto drivers. These include a ₹10 lakh insurance policy, ₹1 lakh for daughters' marriages, a biannual ₹2,500 uniform allowance, free coaching for their children, and the relaunch of the 'PoochO' ride-booking app. Kejriwal and the AAP are campaigning to secure a third term in the upcoming February elections.Ahead of crucial Delhi assembly polls, Arvind Kejriwal promised several measures for auto dri ...Read More >
New Delhi [India], December 11 (ANI): Aam Aadmi Party (AAP) National Convenor Arvind Kejriwal and Delhi Chief Minister Atishi on Wednesday reached the office of the Election Commission to meet the Chief Election Commissioner. Kejriwal has alleged that the Bharatiya Janata Party (BJP) is trying to cut votes from the voters' list ahead of the Delhi Assembly election. Meanwhile, Senior AAP leader Manish Sisodia alleged that the BJP had submitted a large number of applications for the deletion of voters' names from the electoral rolls, including those who have been living in the same area for yea ...Read More >
India Quality Conclave 2024: Driving Excellence in Quality Management Presto Group proudly presents the India Quality Conclave 2024, set to take place on November 30 at Crowne Plaza, New Delhi. This transformative event will bring together industry leaders from packaging, FMCG, pharmaceuticals, and other sectors to discuss cutting-edge quality improvement practices. Key highlights include strategies for cost reduction, boosting QC team productivity, and ensuring hassle-free audits. Attendees will benefit from keynote speeches, case studies, panel discussions, and a special book launch, Per ...Read More >
Chandigarh [India], December 3 (ANI): Punjab Legislative Assembly Leader of Opposition and Congress leader Partap Singh Bajwa on Tuesday, slammed the BJP-led central government for neglecting the interests of farmers in Punjab and Haryana. Bajwa's scathing attack comes amidst growing discontent among farmers in the region, who feel their concerns have been ignored by the ruling party. "Ever since the BJP government has come to power, they have not taken a single decision that is in the interest of the farmers of India, especially the farmers of Punjab and Haryana. It is their fundamental rig ...Read More >
Delhi residents breathed easier Thursday as air quality improved to 'moderate' after a month of severe pollution. The AQI dropped to 161, though some areas still experienced 'poor' air quality. Cooler temperatures and mist accompanied the improved air, with the minimum temperature reaching 9 degrees Celsius. The Supreme Court maintained GRAP-IV restrictions, demanding compensation for construction workers from NCR states.Residents in Delhi took a sigh of relief on Thursday as the air quality inde ...Read More >
The Supreme Court halted new temple-mosque legal battles. The court will review the 1991 law impacting religious site status. This law froze the status of religious sites as of August 15, 1947. Several cases, including Gyanvapi and Shahi Idgah, challenge this law. The law's validity is being questioned. The court's decision impacts ongoing and future disputes.In its ruling on the keenly-watched Place of Worship Act case, the Supreme Court said on December 12 that no new Mandir-Masjid suits are to ...Read More >
New Delhi [India], November 28 (ANI): India has expressed its concern over the escalating incidents of violence against Hindu minorities in Bangladesh and desecration, and damage to their places of worship, and has also called on the interim government there to ensure the safety of minorities. In a response to question asked by RJD MP AD Singh, Minister of State for Ministry of External Affairs, Kirit Vardhan Singh in a written reply to Rajya Sabha, stated that the "primary responsibility" for the protection of life and liberty of all citizens of Bangladesh, including minorities, "rests with ...Read More >
NewsVoir Mumbai (Maharashtra) [India], December 5: With the holiday spirit in the air, McDonald's India (West & South) is marking a significant milestone - the first anniversary of its widely loved global loyalty program, My M Rewards. To celebrate this journey of loyalty and love, McDonald's has launched an exciting new contest called Collect Quest, conceptualized and designed by OMD and DDB network teams. This initiative has been rolled out across various markets in Southeast Asia, to elevate customer engagement and transform dining into a thrilling adventure of rewards for its loyal fans. ...Read More >
PRNewswire Chennai (Tamil Nadu) [India], December 13: Star Health and Allied Insurance Company Limited, the first standalone health insurance company in India, today announced the launch of its revolutionary retail health insurance product, 'SUPER STAR'. This innovative policy offers a long-term policy for the retail health segment, combining advanced features and highly customisable covers to address the growing complexities of modern lifestyles, rising medical expenses, and unforeseen emergencies. * Offers a long-term policy and unparalleled, highly customisable solutions for evolving heal ...Read More >
As winter approaches, Coorg, often called the "Scotland of India," offers the perfect retreat for nature lovers. Nestled in the Western Ghats, this hill station promises unforgettable experiences, from trekking Tadiandamol Peak to exploring serene coffee plantations on the Kopatty Trail. Stay at Blyton's Bungalow, an eco-friendly haven, and indulge in stargazing at Nalaknad Palace. For a deeper connection with nature, camp by the Kaveri River or explore the Brahmagiri Wildlife Sanctuary. Coorg's stunning waterfalls, including Abbey and Iruppu Falls, provide a perfect setting for relaxation, ma ...Read More >
New Delhi [India], December 3 (ANI): Oilfields (Regulation and Development) Amendment Bill, 2024 to expand the definition of mineral oils and include petroleum and natural gas passed in the Rajya Sabha on Tuesday. The bill was introduced by Union petroleum and natural gas minister Hardeep Singh Puri for consideration and passing. The Bill will regulate the exploration and extraction of natural gas and petroleum. The amended bill expands the definition of mineral oils to include petroleum and natural gas in it. Also Read | Pune: Doctors Perform Rare Laser Surgery on Woman Pregnant With Monoam ...Read More >
The BJP has accused Rahul Gandhi of collaborating with "anti-India international forces," citing a Mediapart report on OCCRP's funding and Gandhi's meetings with alleged Modi government critics. The party highlighted the timing of reports critical of India coinciding with parliamentary sessions, including those on farmers, Pegasus, Hindenburg, and the BBC documentary.BJP on Thursday accused Lok Sabha's Leader of Opposition Rahul Gandhi of colluding with 'anti-India international forces'. The ruli ...Read More >
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, in ...Read More >
The South Western Railway (SWR) is poised to unveil its long-awaited Class 701 Arterio trains during a ceremonial event at London Waterloo Station. This significant milestone marks the end of a prolonged five-year delay for the £1bn fleet, originally commissioned in 2017 and expected to enter service by November 2019. While delays have hindered the fleet's initial rollout, the deployment is set to reshape regional travel, bringing modernized infrastructure to one of the UK's busiest rail networks. The Class 701 Arterio trains, built by Derby-based Bombardier, faced extensive delays due to sig ...Read More >
A major portion of George Road in Thoothukudi has become a nightmare for drivers due to the presence of large potholes. This key stretch which has not undergone any restoration for several years has become a significant source of hardship for daily commuters. The road, which comes under the State Highways department, serves as one of the major connections between the Bypass and Beach Road. Bala, an autorickshaw driver, who has been driving on this stretch for over 15 years says, "The road has been in this poor condition for years as it is not frequently used by higher authorities." He added ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >
New Delhi [India], December 12 (ANI): The Union Cabinet on Thursday approved the 'One Nation, One Election,' bill in the parliament, marking a significant step towards the electoral process, sources told ANI. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole. Speaking to th ...Read More >
New Delhi [India], November 26: Elitas Appliances, a brand synonymous with quality and innovation in home appliances, has officially launched its product line in India. Known for combining cutting-edge technology with elegant design, Elitas seeks to establish itself as a key player in the consumer durables sector, providing Indian households with superior, eco-friendly products. Also Read | From Nana Patekar's 'The Attacks of 26/11' to Dev Patel's 'Hotel Mumbai', 5 Movies and Shows That Explored the Horrific 2008 Mumbai Attacks and Where To Watch Them Online. Elitas's range of home appliance ...Read More >
Indian sustainability startups are currently at the forefront in terms of handling critical environmental challenges. They are emerging with innovating solutions frequently for a greener future. Key Communications recently conducted a survey and it reports that the startups are in need of urgent support to make their journey less struggling. The survey reveals that more than 60% of sustainability startups in the country believe that they need stronger government backing with respect to growth and funding. Currently there are about 6,600 cleantech startups in India and such ventures are import ...Read More >
PNN Hyderabad (Telangana) [India], December 6: We are thrilled to announce that ABSYZ Software Consulting, a Youngsoft company, and a trusted Salesforce partner since 2014, has been elevated to Salesforce Summit Partner status, the highest recognition within the Salesforce consulting ecosystem. This milestone highlights ABSYZ's unwavering commitment to excellence, innovation focused on customer needs, and delivering transformative results for clients through its global Salesforce implementations. As one of the elite 5% of Salesforce consulting partners worldwide, this achievement reflects ou ...Read More >